l3 technologies inc (LLL) Details

L3 Technologies, Inc. provides aircraft sustainment, simulation and training, night vision and image intensification equipment, and security and detection systems used on military, homeland security, and commercial platforms in the United States and internationally. It operates in three segments: Intelligence, Surveillance and Reconnaissance (ISR) Systems; Communications and Networked Systems (C&NS); and Electronic Systems. The company offers engineering, modernization and sustainment, space avionics and imaging payload, counter unmanned aircraft systems (CUAS) mission, cyber and electronic warfare, special mission command and control, modeling and simulation, and life cycle support services for ISR, airborne sensor, warrior sensor, space and sensor, aircraft, and intelligence and mission systems, as well as for military aviation services and advanced programs. It also provides network and communication systems, secure communications products, radio frequency components, satellite communication terminals and space, microwave and telemetry products, and secure data links in various business areas, such as broadband communication, naval power, space and power, and maritime sensor systems, as well as in advanced communications. In addition, the company offers components, products, subsystems, and systems, as well as related services to military and commercial customers in various business areas, including commercial aviation solutions, precision engagement systems, link training and simulation, and security and detection systems. It serves the United States (U.S.) Department of Defense and its prime contractors, the U.S. Government intelligence agencies, the U.S. Department of Homeland Security, foreign governments, and commercial customers. The company was formerly known as L-3 Communications Holdings, Inc. and changed its name to L3 Technologies, Inc. in December 2016. L3 Technologies, Inc. was founded in 1997 and is headquartered in New York, New York.

L3 Technologies announced that its Board of Directors has declared the company’s regular quarterly cash dividend of $0.85 per share payable on June 4, 2019 to shareholders of record at the close of business on May 17, 2019.

L3 Technologies, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported net sales of USD 2,700 million against USD 2,371 million a year ago. Operating income was USD 293 million against USD 251 million a year ago. Income from continuing operations was USD 223 million against USD 192 million a year ago. Net income was USD 223 million against USD 208 million a year ago. Basic earnings per share were USD 2.74 against USD 2.60 a year ago. Diluted earnings per share were USD 2.71 against USD 2.54 a year ago.
The company updated consolidated sales guidance for the year ending December 31, 2019. For the year, the company now expects net sales to be USD 10,900 million against USD 10,750 million expected previously.

The AVX Aircraft Company and L3 Technologies announced their innovative compound coaxial helicopter (CCH) design, which is competing for Phase 1 of the U.S. Army Future Attack Reconnaissance Aircraft (FARA)-Competitive Prototype (CP) program competition. The innovative design solution will exceed the reconnaissance and light-attack mission of FARA with a high-performing and survivable platform. AVX-L3 CCH will meet 100% of mandatory requirements and exceed 70% of them. The CCH design, combined with rigorous engineering and production processes and certifications, will deliver a safe, performance-driven, affordable aircraft capable of operating in highly contested airspace and degraded environments for extended periods. The companies’ next-generation single-engine design, paired with a wing for lift during high-speed forward flight, provides leap-ahead capabilities in a faster, lighter and more lethal aircraft that requires less maintenance through its life cycle, featuring: a fly-by-wire, side-by-side cockpit optimized for pilot efficiency; two ducted fans that provide forward and reverse thrust for both high-speed operation and agility; modern open systems architecture (MOSA)-based digital backbone and avionics systems; a small form factor that meets C-17 loading and Navy DDG shipboard size limits through manually folding blades and wings; and modularity that provides for component reuse and a high degree of systems commonality across all of the U.S. Army capability sets.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking
here.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.